Selling a Home in Toronto, Ontario



Selling your home is an involved process that affects your family

and your future.  Before you begin this process, you'll want to ensure

that you have the most up-to-date information.  When should you

sell?  How do you get the best price? What kinds of renovations

should be made before to the sale?

These home selling reports will assist you in answering the many

questions that arise during the home selling process.  When you're

armed with the right information, and an experienced real estate

professional, you'll be closer to reaching your goal - selling your

home fast, and for the best price.

Please contact me if you have any questions about selling your

Toronto home.



Tips for selling your Home




First Impressions


Remember what first attracted you to your house when you bought it?


What excited you about it most? When deciding how best to present


your home for sale, it is helpful to try to get back into that buyer’s


a frame of mind.


A spruced-up house makes a great first impression on potential


buyers. An attractive property grabs their attention and makes them


excited about finding a house that looks and feels well cared for.


Because buyers believe they’ll encounter fewer problems if they buy


it, your house becomes more appealing and stands out from the


competition. So if you prepare your home correctly, you’ll save time


selling it when it’s on the market.


A good first impression makes an impact on a number of levels. It’s


not just the way your house looks to potential buyers, but how it feels


and smells to them, how their friends and family will react, how they


imagine it would be to live there.


With simple improvements throughout your house, you can grab the


attention of potential buyers and help them see why your house is


right for them.

Clean Everything


Buyers expect a spotless house, inside and out, so clean everything,


especially your windows and window sills. Scrub walls and floors, tile


and ceilings, cupboards and drawers, kitchen ,and bathrooms. Wash


scuff marks from doors and entryways, clean light fixtures and the


fireplace. Don’t forget the laundry room. And put away your clothes.




A new coat of paint cleans up your living space and makes it look


bright and new. To make rooms look larger, choose light, neutral


colors that will appeal to the most people possible, such as beige or






Homebuyers today are looking for neutral spaces that they can easily


move into. Spend a little bit of money and paint over dark or bright


walls with a light grey or beige in order to maximize your homes show




Check its condition. If it’s worn, consider replacing it. It’s an easy and


an affordable way to help sell your home faster. Again, light, neutral


colors, such as beige, are best. If you don’t replace it, you can


suggest to potential buyers that they could select new carpet and


you’ll reduce your price; buyers like to hear they’re getting a deal. At


the very least, have your carpet cleaned.

Repairs and Renovations


It’s best to avoid making major renovations just to sell the house


since you’re unlikely to recoup those costs in your selling price.


Make minor repairs to items such as leaky faucets, slow drains, torn


screens. buyers won’t take you seriously if your home improvement


efforts look messy, shoddy, or amateurish.




Leaks and Moisture


Water stains on ceilings or in the basement alert buyers to potential


problems. Don’t try to cosmetically cover up stains caused by leaks.


If you’ve fixed the water problem, repair the damage and disclose in


writing to the buyer what repairs were made.  

In the Yard


Grab people’s attention by enhancing your yard and landscaping. If


your house looks inviting and well-maintained from the street, people


will imagine that it’s attractive on the inside, too.



The Front Door

An attractive entry catches a buyer’s eye and says, "Welcome," so


highlight this area of your house with decorative touches, such as a


awreath on the door or new shrubs and flowers around the steps. For


an even grander entry, clean and paint your front door, or replace it


with a new one for a few hundred dollars. Don’t forget to fix and


polish doorknobs, repair torn screens and then put out that new


welcome mat.



The Right Listing Price


When you’re selling your home, the price you set is a critical factor in the


return you’ll receive. That’s why you need a professional evaluation from an


experienced Realtor®. This person can provide you with an honest


assessment of your home, based on several factors, including:



Market conditions


Condition of your home


Repairs or improvements


Selling timeframe


In real estate terms, market value is the price at which a particular house, in


its current condition should sell within 30 to 90 days. If the price of your


home is too high, this could cause several things:



1.      Limits buyers. Potential buyers may not view your home because it appears to be out of their buying range.


2.      Limits showings. Other salespeople may be more reluctant to view your home.


3.      Used as leverage. Other Realtors® may use this home to drive the sale of other homes that are better-priced.


4.      Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers may wonder, “what’s wrong,” or “why hasn’t this sold?”


5.      Lower price. An overpriced home, still on the market beyond the average selling time, could lead to a lower selling price. To sell it, you will have to reduce the price – sometimes several times. In the end, you’ll probably get less than if it had been properly priced in the first place.


6.      Wasted time and energy. A bank appraisal is most often required to finance a home.





Rent increase Guideline


The guideline is the maximum a landlord can increase most tenants’ rent

during a year without the approval of the Landlord and Tenant Board.


Rent increase guideline for 2023


The rent increase guideline is 2.5% for increases between January 1 and

December 31, 2023.

The guideline applies to most private residential rental units covered by the

Residential Tenancies Act.

The guideline does not apply to:

  • vacant residential units

  • social housing units

  • nursing homes

  • commercial properties


In most cases, the rent for a unit can be increased 12 months after:

  • the last rent increase

  • a tenant first moves in

A tenant must be given written notice of a rent increase at least 90 days

before it takes effect.


Sample Calculation 


Your monthly rent was increased to $1,000 on June 1, 2022. The

guideline for 2023 is 2.5%. Therefore:


  • an increase of 2.5% on $1,000 = $25.00

  • $1,000 + $25.00 = $1,025.00


Your landlord could lawfully increase your rent payment 12 months

later on June 1, 2023, up to $1,025.00 per month

Your landlord would need to provide you written notice at least 90

days before June 1, 2023.



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